Higher Pay rises not forthcoming despite economic pressure

13th May 2011

Pressures and tightening of budgets and the tightening of the economy has not meant higher pay for workers, according to a research survey released today by XpertHR.

"Employers may well be feeling under pressure to award higher pay increases” but conversely “the uncertain economic situation means that they are not reacting to this” and because of this pay rises are at best very small says Sheila Attwood from the survey. In fact the research points to an average increase of just 3% for the rest of 2011 as well.

Over 300 employers were asked questions in the survey and the median forecast pay increase was a miserly 2%. This has not left employees happy and the previous years of pay freezes and high inflation are just not translating to better pay deals. Employees are expected to dig in for higher pay rises but it is not thought that the employers will go above the 3% figure as quoted above.Indeed pay freezes are on the increase as this accounts for 9.2 % of pay awards in March and nearly 25% in April.

Trusted by

Blogs & Social

Snow Day - How Did Your Company React?

The atrocious weather has hit headlines
recently and whether you’re slowly defrosting or still suffering the aftermath
of ‘The Beast from the East’ you may have been wondering the best way to deal
with life as either an employee, or an employer. So how do companies deal with bad weather? If
you’re Tesco you reward your depot workers in Scotland, who have just braved
...

How to Become a Design Engineer

If you have great technical knowledge and design skills, a
career as a design engineer may be the perfect choice for you. In this role,
you’ll play a key part in the development of projects and products: from
building and software, to mobile phones and vehicles.Alongside this, you’ll likely be responsible for putting
ideas into action, testing prototypes, modifying designs and p...